Is a data-driven digital strategy an imperative for your business?

Introduction?

Yes.?

Existing business processes and resources may be realigned with new technologies in order to address sustainable innovations. When online education disrupted classroom-based teaching, major universities and colleges adapted their faculty and resources to deliver online education. However, the education sector combined formal education programs in brick-and-mortar schools with online learning to achieve the best results. The term, “hybrid” is used to describe this model.?

Why??

Here’s what a lot of businesses are struggling with:?

• Paper documents: Paper, paper everywhere. Paper categorized and filed in folders, making it difficult to store, and retrieve.?
• Unorganized digital information: Pieces, and groups of information from different sources in spreadsheets, PDF documents, and word-processed documents. These are stored in an unorderly fashion, making it difficult to retrieve and consume. Moreover, different applications are required to view and process the information. No security protection.?
• Microfilm and Microfiche: Reels of film that needs to catalogued and stored. The cataloging, storing, and retrieving of this medium are time-consuming.?

What are the common factors? Storage, organizing, accessibility, reliability, and security.?

Let’s look at what’s in store for a business that goes digital:?

Given today’s business environment, and unpredictable future business situations, getting all business data into a well-organized, easily-retrieved, easily-viewed and processed, protected, and homogenized data warehouse or data lake, will add significant value to the business. Here are a few benefits:?

• Faster access to information?
• Reduced operational costs?
• Greater mobility?
• Productivity improvement?
• Faster decision-making?
• Enhanced data governance, security, reliability and business continuity?
• Improved customer experience?

How??

Here’s how you can implement a digital strategy:?

Appoint a Champion?

A person at the CXO level, say, a Chief Digital Officer, will be involved in the organization's innovation and steering committees, which make decisions on the adoption of new technologies, digital standards, and policies. They will use centralized information center to carry out firm-level decisions aligned with the digital strategy across local units.?

Define strategy objectives?

A digital strategy will focus on a medium- to long-term goals that can be achieved by the business. The strategy will consider all of the business imperatives, not just how to digitize, but how each business function merges into the entire business. The strategy will envisage the extraction, transforming and using each functions’ data to enable data visibility across the entire business, even suppliers.?

Data governance is mandatory. A governance policy on how data is sourced, validated, appended to the data warehouse, and used should be defined and processes implemented to strictly adhere to the policy. This will include data security. Security definitions will include who has operational, supervisory and administrative rights to run different operations on the data, and how the data is protected from threats.?

The strategy may include restructuring the organization to ensure accomplishment of objectives.?

Implement the strategy?

The project will define reporting structures, operational functions, and accountabilities, along with time-bound goals to be achieved, at different stages of the implementation and operations.?

Who??

That’s where InnoBoon Technologies comes in.?

We are an agile team, headed by a group of management graduates, leading technology-powered associates. We have skills and experience in:?

• Datawarehouse Setup and Migration?
• ETL Framework Setup?
• Data Pipeline Implementation?

We use the following technologies:?

• Amazon Redshift?
• Snowflake?
• Hadoop?
• Apache Airflow?
• Apache Spark?

Reach out?

Call us.?

We will understand your situation and give you a comprehensive recommendation that will address all your requirements. We specifically address businesses in Fintech, Healthcare, Supply Chain, Manufacturing, and Insurance.?

#digitiazation #digitalstrategy #dataengineering #predictiveanalytics #datawarehouse #datalake #fintech #healthcare #supplychain #manufacturing #insurance #customerexperience #reducedcosts #datasecurity #datareliability #businesscontinuity #riskmanagement #improvedproductivity

Raajaguru Mylsamy Muralikumar Balasubramaniam Karthik R Manivannan Palaniswamy Gowdham V Jeffrey Daniel Raja V Anish J Ranjithkumar Palanisamy Harish S Varghese Philip